Universal Logistics (NASDAQ:ULH) Sets New 12-Month Low – What’s Next?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) hit a new 52-week low on Thursday . The stock traded as low as $27.80 and last traded at $28.14, with a volume of 9828 shares trading hands. The stock had previously closed at $29.24.

Analysts Set New Price Targets

Separately, Stifel Nicolaus increased their price target on Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd.

Universal Logistics Stock Down 2.4 %

The firm has a 50 day moving average of $41.92 and a 200 day moving average of $43.42. The firm has a market cap of $726.17 million, a price-to-earnings ratio of 5.59 and a beta of 0.90. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, February 6th. The transportation company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same period last year, the firm posted $0.81 EPS. As a group, sell-side analysts predict that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.105 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.42 annualized dividend and a yield of 1.52%. Universal Logistics’s dividend payout ratio is currently 8.50%.

Institutional Investors Weigh In On Universal Logistics

Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in Universal Logistics by 15.2% in the fourth quarter. FMR LLC now owns 2,924,397 shares of the transportation company’s stock valued at $134,347,000 after acquiring an additional 386,538 shares during the period. Dimensional Fund Advisors LP grew its stake in Universal Logistics by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 855,212 shares of the transportation company’s stock valued at $39,289,000 after acquiring an additional 8,578 shares during the period. American Century Companies Inc. grew its stake in Universal Logistics by 10.2% in the fourth quarter. American Century Companies Inc. now owns 231,617 shares of the transportation company’s stock valued at $10,640,000 after acquiring an additional 21,516 shares during the period. Bridgeway Capital Management LLC grew its stake in Universal Logistics by 0.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 214,321 shares of the transportation company’s stock valued at $9,846,000 after acquiring an additional 977 shares during the period. Finally, Geode Capital Management LLC grew its stake in Universal Logistics by 2.3% in the third quarter. Geode Capital Management LLC now owns 183,374 shares of the transportation company’s stock valued at $7,907,000 after acquiring an additional 4,130 shares during the period. Institutional investors and hedge funds own 25.50% of the company’s stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.